Blue Lab Preservation Society Inc

“Process used to review the form 990 blue lab preservation society's form 990 was prepared by blue lab preservation society's external accountant, frendel brown & weissman llp, in consultation with blue lab preservation society's board of directors. The completed version of the form 990 was provided to the board for its review and comment. Upon approval by the board, the form 990 was finalized and filed with the irs.”

“Compliance with conflict of interest policy the board of directors oversees the submission of the annual disclosures by the directors, officers, trustees, and key employees, reviews the disclosures to determine whether there are any conflicts of interest, and monitors overall compliance with the policy. If any actual or potential conflict were to arise, legal counsel would work with the board to facilitate the fairness of the transaction, to ensure the recusal of any interested parties from any deliberations, and otherwise monitor compliance with the policy.”

“Process for determining compensation directors of the corporation may receive reasonable compensation for their services as directors, provided that such compensation is determined to be fair and in the best interest of the corporation. The amount of compensation shall be approved by a majority vote of the disinterested directors. All compensation arrangements must comply with the corporation's conflict of interest policy, which requires directors to disclose any financial interest in transactions involving the corporation. The board of directors shall ensure that any compensation paid to directors is reasonable and does not exceed what is customary for similar services in the nonprofit sector.”

“Process for making documents available to the public blue lab preservation society makes its governing documents, conflict of interest policy and financial statements available to the public on request.”

“Outside services: program service expenses 1,521. Management and general expenses 3,643. Fundraising expenses 0. Total expenses 5,164. Consulting: program service expenses 43,456. Management and general expenses 2,505. Fundraising expenses 0. Total expenses 45,961.”